Automated investing

The robo advisor is relying on behavioral insights to develop more personalized offerings as advice like Amazon's Alexa seeps into wealth management.

Digital advice is vulnerable to bait-and-switch and choice manipulation schemes.

Broadridge Financial follows Invesco to the Canadian digital advice market.

Despite critiques, Schwab Intelligent Portfolios will keep its cash allocations for clients.

The brokerage says its Access Investing service is now available to clients with at least $5,000 to invest.

A collaboration with Lincoln has yielded 30 platform enhancements for advisors, with more to follow.

The No. 1 competitor for its robo and hybrid platforms is neither Vanguard nor any startup, says Tobin McDaniel, president of Schwab Wealth Investment Advisory.

The firm will now directly link to Acorns, following its roughly $30 million investment in the microinvesting app.